Profit Sharing · DOL Form 5500 · 2023

Paynet Merchant Services, Inc Profit Sharing Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
3
Participants Small participant base
29th
Percentile by assets National rank
$559,028
Avg per participant High balance/head
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Official DOL plan name: Paynet Merchant Services, Inc. Profit Sharing Plan and Trust · Sponsored by Paynet Merchant Services, Inc · Michigan · Finance & Insurance

$2M in assets, 3 participants

Paynet Merchant Services, Inc's Paynet Merchant Services, Inc. Profit Sharing Plan and Trust reported $2M in total assets and 3 participants in its 2023 DOL Form 5500 filing, ranking in the 29th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #1,703 in Finance & Insurance (8,869 peers)

Paynet Merchant Services, Inc multi-year trail

Paynet Merchant Services, Inc's plans moved +40.0% in assets from 2022 to 2024; this filing shows Paynet Merchant Services, Inc. Profit Sharing Plan and Trust at $2M / 3 participants.

#1,703
in Finance & Insurance (8,869 peers)
+12.3%
assets growth YoY

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust among the smaller filed plans by assets

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,677,083 29th percentile higher than 29% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Paynet Merchant Services, Inc. Profit Sharing Plan and Trust is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Paynet Merchant Services, Inc. Profit Sharing Plan and Trust reported net income rose from -$123K in the plan year 2022 filing to $183K in the plan year 2023 filing.
  • Paynet Merchant Services, Inc. Profit Sharing Plan and Trust end-of-year assets rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 383233512 · Paynet Merchant Services, Inc PY 2023 · Profit Sharing

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust · $2M · 3 · 29th

  • BOY $2M
  • BOY 3
  • BOY 29th
  • BOY Profit Sharing
  • BOY near Glick, Hameroff & Litt P.a. Profit Sharing Plan
  • BOY ind #1703

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Michigan →

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust in the asset neighbourhood

Paynet Merchant Services, Inc. Profit Sharing Plan and TrustPaynet Merchant Services, In…$2MGlick, Hameroff & Litt P.a. Profit Sharing PlanGlick, Hameroff & Litt P.a. …$2MThe Marod Group, Inc. Retirement PlanThe Marod Group, Inc. Retire…$2MJ.a.G. Childcare Services, Inc. Retirement PlanJ.a.G. Childcare Services, I…$2MJ.P.a. Noonan, M.D., P.C. Profit Sharing PlanJ.P.a. Noonan, M.D., P.C. Pr…$2M
End-of-year total assets ($M) among Paynet Merchant Services, Inc. Profit Sharing Plan and Trust and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Paynet Merchant Services, Inc multi-year asset trail

Sponsor-wide plan assets over time

All Paynet Merchant Services, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$2M 40.008821759626464% vs 2022
2024 filing year
$1.4M$1.6M$1.8M$2M$2.2M 202220232024 $1.49M $2.09M ▲ +40.3%
Year Plans Participants Total Assets
2022 1 3 $1M
2023 1 3 $2M
2024 1 4 $2M

Paynet Merchant Services, Inc filing trail (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$2M
Net Income$183K
Employer EIN383233512
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Michigan

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants Paynet Merchant Services, Inc. Profit Sharing Plan and Trust, Total assets ($B): 0.001677083 · Participants: 3Paynet Merchant Services, Inc. Profit Sharing Plan and TrustHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.723538402 · Participants: 14349Henry Ford Health System Retirement Savings PlanConstruction Industry Retirement Fund of Rockford, Total assets ($B): 0.564072893 · Participants: 10685Construction Industry Retirement Fund of RockfordOhio Carpenters' Annuity Plan, Total assets ($B): 0.409857897 · Participants: 9314Ohio Carpenters' Annuity PlanHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.288437417 · Participants: 1404Hemlock Semiconductor Operations LLC Employees' Capital Accumulation PlanNECA-IBEW Memphis Retirement Plan, Total assets ($B): 0.213370381 · Participants: 2389NECA-IBEW Memphis Retirement Plan
Paynet Merchant Services, Inc. Profit Sharing Plan and Trust vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare Paynet Merchant Services, Inc. Profit Sharing Plan and Trust side-by-side with 3 peers →

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Glick, Hameroff & Litt P.a. Profit Sharing Plan in MD ($2M); by covered participants it is Dick & Jane, Inc. Profit Sharing Plan & Trust in CO (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Paynet Merchant Services, Inc. Profit Sharing Plan and Trust assets move in 2023? ▼
Paynet Merchant Services, Inc. Profit Sharing Plan and Trust grew at a solid clip - up 12.3% during 2023, from $1M to $2M. Reported net income was $183K.
How have Paynet Merchant Services, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Paynet Merchant Services, Inc's sponsor-wide assets grew 40.0%, from $1M to $2M.
Which Profit Sharing plans are similar in size to Paynet Merchant Services, Inc. Profit Sharing Plan and Trust? ▼
Among Profit Sharing plans in other states, the closest by assets is Glick, Hameroff & Litt P.a. Profit Sharing Plan in MD ($2M, 5 participants).
Which Profit Sharing plans cover a similar participant headcount to Paynet Merchant Services, Inc. Profit Sharing Plan and Trust? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Dick & Jane, Inc. Profit Sharing Plan & Trust in CO (3 participants, $751K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 383233512.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.